v3.26.1
Related Party Transactions (Fees and Expense Reimbursements Incurred) (Details) - Related Party - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 24, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Related Party Transaction            
Related party transaction, amount   $ 33,703 $ 35,544 $ 65,105 $ 56,204  
Other liabilities   63,973   $ 63,973   $ 81,503
The Advisor            
Related Party Transaction            
Performance participation allocation percentage       12.50%    
Performance participation allocation, subject to annual return percentage       5.00%    
Selling Commissions- Dealer Manager | Dealer Manager            
Related Party Transaction            
Related party transaction, amount   521 624 $ 955 1,067  
Other liabilities   0   0   2
Dealer Manager Fee- Dealer Manager | Dealer Manager            
Related Party Transaction            
Related party transaction, amount   19 21 35 54  
Other liabilities   0   0   1
Distribution and Stockholder Servicing Fees | Dealer Manager            
Related Party Transaction            
Related party transaction, amount   732 1,231 2,246 1,976  
Other liabilities   48,173   48,173   49,633
Organization and Offering Costs- the Advisor | The Advisor            
Related Party Transaction            
Related party transaction, amount   2,033 1,349 3,595 3,735  
Other liabilities   914   914   1,216
Asset Management Fees- the Advisor | The Advisor            
Related Party Transaction            
Related party transaction, amount   13,425 9,058 24,466 17,829  
Other liabilities   4,399   $ 4,399   4,264
Asset Management Fees- the Advisor | The Advisor | Cost of real estate investments per month            
Related Party Transaction            
Related party fee, percent 0.0625%     0.0625%    
Asset Management Fees- the Advisor | The Advisor | Monthly Asset Management Fee            
Related Party Transaction            
Related party fee, percent 0.10%     0.10%    
Other- the Advisor | The Advisor            
Related Party Transaction            
Related party transaction, amount   1,733 0 $ 4,228 0  
Other liabilities   2,244   2,244   2,369
Performance Participation Allocation- the Advisor | The Advisor            
Related Party Transaction            
Related party transaction, amount   5,673 12,700 11,774 12,700  
Other liabilities   11,774   11,774   24,795
Property Management Fees- Hines and its affiliates | Hines and Affiliates            
Related Party Transaction            
Related party transaction, amount   2,722 1,864 5,288 3,928  
Other liabilities   960   960   685
Development and Construction Management Fees- Hines and its affiliates | Hines and Affiliates            
Related Party Transaction            
Related party transaction, amount   90 633 190 1,367  
Other liabilities   439   439   330
Leasing Fees- Hines and its affiliates | Hines and Affiliates            
Related Party Transaction            
Related party transaction, amount   1,047 756 1,191 1,866  
Other liabilities   1,045   1,045   1,458
Expense Reimbursement | Hines and Affiliates            
Related Party Transaction            
Related party transaction, amount   5,708 $ 7,308 11,137 $ 11,682  
Expense reimbursements   (5,975)   (5,975)   (3,250)
Rent Receivables | Hines and Affiliates            
Related Party Transaction            
Receivables   $ 7,100   $ 7,100   $ 8,100